XML 15 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Cost of sales:        
Inventory impairments and land option cost write-offs     $ 32.6 $ 33.9
Gross profit:        
Interest expense 10.1 19.6 41.0 69.3
Loss on early retirement of debt, net 6.5   10.7 6.7
Income (loss) before income taxes 28.9 46.3 (21.8) 101.2
Provision for (Benefit from) income taxes 0.2 (4.2) (57.8) (152.7)
Net income 28.7 50.5 36.0 253.9
Basic net income per common share $ 0.09 $ 0.16 $ 0.11 $ 0.80
Net income per common share assuming dilution $ 0.09 $ 0.16 $ 0.11 $ 0.78
Cash dividends declared per common share $ 0.0375 $ 0.0375 $ 0.1125 $ 0.1125
Homebuilding [Member]
       
Revenues:        
Home sales 974.5 1,378.2 2,468.6 3,381.1
Land/lot sales 0.9 0.1 6.9 2.9
Total revenues 975.4 1,378.3 2,475.5 3,384.0
Cost of sales:        
Home sales 813.5 1,141.1 2,069.9 2,793.5
Land/lot sales 0.7 0.1 6.7 2.2
Inventory impairments and land option cost write-offs 9.9 30.3 32.6 33.9
Total cost of sales 824.1 1,171.5 2,109.2 2,829.6
Gross profit:        
Home sales 161.0 237.1 398.7 587.6
Land/lot sales 0.2   0.2 0.7
Inventory impairments and land option cost write-offs (9.9) (30.3) (32.6) (33.9)
Gross profit 151.3 206.8 366.3 554.4
Selling, general and administrative expense 113.7 143.5 355.8 401.2
Interest expense 10.1 19.6 41.0 69.3
Loss on early retirement of debt, net 6.5 8.3 10.7 6.7
Other (income) (1.2) (2.0) (6.8) (7.4)
Income (loss) before income taxes 22.2 37.4 (34.4) 84.6
Financial Services [Member]
       
Gross profit:        
Revenues, net of recourse and reinsurance expense 23.8 27.8 63.0 67.7
General and administrative expense 19.3 21.2 56.4 57.2
Interest expense 0.3 0.7 0.7 1.4
Interest and other (income) (2.5) (3.0) (6.7) (7.5)
Income (loss) before income taxes $ 6.7 $ 8.9 $ 12.6 $ 16.6